After a number of months of holding steady, Eugene’s sale prices dropped significantly in October. That was due to a significant decline in activity at the upper end of the market. November saw somewhat of a reversal, with median sale prices climbing to $435,000. Homes sold for a median of 98.8% of list price, 2% better than a month earlier.
Properties are spending longer on the market, with the median rising to 15 days. That’s a typical seasonal shift, though, and homes are still selling relatively quickly in Eugene relative to many other markets. With inventory remaining flat at 1.2 months, Eugene’s market remains well insulated from the effects of a potential recession.
